Acknowledgment of Debt. Borrower acknowledges and agrees that the Loan, as evidenced and secured by the Loan Documents, is a valid and existing indebtedness payable and owing to Agent, and Borrower covenants and agrees to pay the Note, as extended by this Agreement, in accordance with its terms.
Appears in 3 contracts
Samples: Second Extension Agreement (United Development Funding IV), Extension Agreement (United Development Funding IV), Third Extension Agreement (United Development Funding IV)
Acknowledgment of Debt. Borrower acknowledges and agrees that the Loan, as evidenced and secured by the Loan Documents, is a valid and existing indebtedness of Borrower payable and owing to AgentLender, and Borrower covenants and agrees to pay the Note, as extended by this Agreement, Note in accordance with its terms, as modified by this Amendment.
Appears in 1 contract
Samples: Credit Promissory Note (United Development Funding IV)
